Jim
Phoenix,#2Consumer Comment
Tue, July 01, 2008
Your post makes the mortgage company seem like they did something wrong. What exactly did they do wrong? Are you upset that they put the repo on your credit report? Did they cause you to not be able to keep up with the payments that you agreed to make when you signed the closing papers while buying the home? While it is unfortunate that your husband lost his job, that is not their problem, it is your problem. If I owed you alot of money and we agreed to a payment schedule, and then I claimed I was unable to pay it, would you just blow it off? You make it seem like you "got one over" on the mortgage company because you were still able to buy a new car. Car dealerships will let just about anyone buy a car, the difference is that people with good credit get great rates, and people with bad credit (repos) get terrible rates. If you are unable to make your new car payments in the future because of an unexpected situation, and they repo the car, will that be the dealership's fault too? This is not a case of being ripped off. This is a case of sour grapes.